Civic Intelligence

Hickory Christian Academy

990 • Fiscal year 2022 • EIN 56-1932672

Jul 01, 2021 to Jun 30, 2022 • Filed on Dec 01, 2022

Organization ProfileWWW.HICKORYCHRISTIANACADEMY.COM

View Organization Page

3260 6th St Dr NWHickory, NC 28601

(828) 324-5405

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

52nd percentile

0.09x

Higher debt load relative to assets than 52% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

54th percentile

0.10x

Higher debt load relative to revenue than 54% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Net Margin

25th percentile

-3.7%

Higher net margin than 25% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

74th percentile

$124,755

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Asset Growth

33rd percentile

-4.9%

Faster asset growth than 33% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

34th percentile

-1.6%

Faster revenue growth than 34% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$3,555,312

Down $184,603 (-4.9%) from 2021

Net Assets

Down

$3,234,738

Down $169,831 (-5.0%) from 2021

Liabilities

Down

$320,574

Down $14,772 (-4.4%) from 2021

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin25th percentile

Revenue

Down

$3,249,783

Down $51,885 (-1.6%) from 2021

Expenses

Up

$3,369,241

Up $309,023 (+10%) from 2021

Net Income

Down

-$119,458

Down $360,908 (-149%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $4,261,444Liabilities 2011: $1,247,956Net Assets 2011: $3,013,4882011Assets 2012: $4,101,364Liabilities 2012: $1,224,469Net Assets 2012: $2,876,8952012Assets 2013: $5,619,469Liabilities 2013: $1,624,463Net Assets 2013: $3,995,0062013Assets 2014: $5,394,909Liabilities 2014: $979,470Net Assets 2014: $4,415,4392014Assets 2015: $5,185,984Liabilities 2015: $813,418Net Assets 2015: $4,372,5662015Assets 2016: $4,816,513Liabilities 2016: $630,676Net Assets 2016: $4,185,8372016Assets 2017: $4,424,579Liabilities 2017: $600,775Net Assets 2017: $3,823,8042017Assets 2018: $4,245,798Liabilities 2018: $451,814Net Assets 2018: $3,793,9842018Assets 2019: $3,844,925Liabilities 2019: $420,470Net Assets 2019: $3,424,4552019Assets 2020: $3,787,331Liabilities 2020: $651,822Net Assets 2020: $3,135,5092020Assets 2021: $3,739,915Liabilities 2021: $335,346Net Assets 2021: $3,404,5692021Assets 2022: $3,555,312Liabilities 2022: $320,574Net Assets 2022: $3,234,7382022Assets 2023: $5,220,053Liabilities 2023: $382,306Net Assets 2023: $4,837,7472023Assets 2024: $8,391,412Liabilities 2024: $2,987,406Net Assets 2024: $5,404,0062024Assets 2025: $7,903,510Liabilities 2025: $2,894,701Net Assets 2025: $5,008,8092025

Highlighted filing

2022

Assets$3,555,312
Liabilities$320,574
Net Assets$3,234,738
Open 2022 Filing

Operations Trend

Revenue Growth34th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,954,035Expenses 2011: $1,953,706Net Income 2011: $3292011Revenue 2012: $1,990,969Expenses 2012: $2,127,562Net Income 2012: -$136,5932012Revenue 2013: $3,390,502Expenses 2013: $2,278,178Net Income 2013: $1,112,3242013Revenue 2014: $3,012,546Expenses 2014: $2,578,956Net Income 2014: $433,5902014Revenue 2015: $2,804,658Expenses 2015: $2,839,310Net Income 2015: -$34,6522015Revenue 2016: $2,708,490Expenses 2016: $2,888,656Net Income 2016: -$180,1662016Revenue 2017: $2,729,096Expenses 2017: $3,100,285Net Income 2017: -$371,1892017Revenue 2018: $3,208,921Expenses 2018: $3,239,190Net Income 2018: -$30,2692018Revenue 2019: $2,850,597Expenses 2019: $3,217,724Net Income 2019: -$367,1272019Revenue 2020: $2,880,429Expenses 2020: $3,162,354Net Income 2020: -$281,9252020Revenue 2021: $3,301,668Expenses 2021: $3,060,218Net Income 2021: $241,4502021Revenue 2022: $3,249,783Expenses 2022: $3,369,241Net Income 2022: -$119,4582022Revenue 2023: $5,219,475Expenses 2023: $3,626,772Net Income 2023: $1,592,7032023Revenue 2024: $4,513,086Expenses 2024: $3,966,204Net Income 2024: $546,8822024Revenue 2025: $4,575,079Expenses 2025: $4,982,596Net Income 2025: -$407,5172025

Highlighted filing

2022

Revenue$3,249,783
Expenses$3,369,241
Net Income-$119,458
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Dec 1, 2022
Return Version
2021v4.2
Gross Receipts
$3,289,637
Mission and Program Overview

Mission

Education for grades k thru 12

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,876,522$2,644,466▼ $232,056
Cash and Non-Interest-Bearing Accounts$480,235$535,990▲ $55,755
Investments in Publicly Traded Securities$191,987$162,377▼ $29,610
Accounts Receivable$106,193$122,908▲ $16,715
Prepaid Expenses and Deferred Charges$80,939$88,642▲ $7,703
Inventories for Sale or Use$4,039$929▼ $3,110
Total Assets$3,739,915$3,555,312▼ $184,603
Liabilities
Deferred Revenue$201,093$286,537▲ $85,444
Mortgage Notes Payable Secured by Investment Property$53,479$0▼ $53,479
Accounts Payable and Accrued Expenses$80,774$34,037▼ $46,737
Total Liabilities$335,346$320,574▼ $14,772
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,242,014$3,096,576▼ $145,438
Net Assets With Donor Restrictions$162,555$138,162▼ $24,393
Total Net Assets Fund Balance$3,404,569$3,234,738▼ $169,831
Total Liabilities and Net Assets / Fund Balance$3,739,915$3,555,312▼ $184,603

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,555,336$3,250,382$5,805,718
Equipment$32,961$386,384$419,345
Other Land Buildings$1,021$146,385$147,406
Land$55,148-$55,148

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$191,987-▼ $28,031-$162,377
2020$160,250-▲ $45,179-$191,987
2019$163,461-▲ $4,116-$160,250
2018$159,162$2,013▲ $10,177-$163,461
2017$152,782$2,928▲ $12,013-$159,162
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tracy RobinsonHeadmasterFT$124,755$124,755

Board Members and Trustees

NameTitle
Justin QueryChairman
Matt CrouseVice Chair
Adam YountBoard of Directors
Allen WilliamsBoard of Directors
Crystal WimbishBoard of Directors
Kirk WhitfieldBoard of Directors
Nicki WallsBoard of Directors
Richard DowdySecretary
Maria MasseyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$135,068
Program Service Revenue
$3,078,899
Investment Income
$22,337
Other Revenue
$13,479
All Other Contributions
$135,068
Change in Net Assets
$-119,458

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,249,783
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-50,372
Total Revenue per Audited Statements
$3,199,411
Total Revenue per Form 990
$3,249,783
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,441,481
Other Expenses$927,760
Total Fundraising Expense$5,022
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,988,928$120,000$4,590$2,113,518
Depreciation Depletion$194,799$64,933-$259,732
Payroll Taxes$185,788$23,643$432$209,863
All Other Expenses$81,490$85,281-$166,771
Current Officers, Directors, Trustees, and Key Employees-$118,100-$118,100
Occupancy$88,375$15,136-$103,511
Insurance$47,654$5,295-$52,949
Other Expenses$41,365$13,370-$41,365
Office Expenses$26,495$8,832-$35,327
Fees for Services Accounting-$8,500-$8,500
Advertising-$7,093-$7,093
Interest-$350-$350
Total Functional Expenses$2,893,686$470,533$5,022$3,369,241

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,369,241
Total Expenses per Audited Statements$3,369,241
Total Expenses per Form 990$3,369,241
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,673
Fundraising Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Knights 5k$2,611$2,611-$2,611
Christmas Show$2,062$2,062-$2,062
Total Events$4,673$4,673-$4,673
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The 990 will be reviewed by an officer prior to signing and filing of form 990”

Form 990, Part VI, Section B, Line 12C

“Written conflict of interest policy in employee handbook. Board of directors monitor large transactions for adherence to written policy.”

Form 990, Part VI, Section C, Line 18

“Tax returns are available to the public at www.guidestar.org and upon request”

Form 990, Part VI, Section C, Line 19

“Documents are available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Hickory Christian Academy Inc
EIN
56-1932672
Phone
8283245405
Address
3260 6TH ST DR NW, HICKORY, NC 28601

Signing Officer

Name
Tracy Robinson
Title
Headmaster
Phone
8283245405
Signed
2022-12-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tracy Robinson
Formed
1995
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
0

Preparer

Firm
Martin Starnes & Associates Cpas Pa
Address
730 13TH AVENUE DR SE, HICKORY, NC 28602-5196
Preparer
Frank F Williams CPA
Phone
8283272727
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The academy has adopted investment and spending policies for endowment assets that attempt to subject the fund to low investment risk and provide scholarships with current income. Endowment assets are invested in equity funds. The academy seeks to build endowment assets through additional contributions. The academy has a policy of appropriating for distribution each year a scholarship in the amount set by academy's board from the endowment fund's investment income from the previous, and the academy generally expends the endowment fund's investment income for scholarships in the year following receipt. The current spending policy is not expected to allow the academy's endowment fund to grow as a result of investment returns. This is consistent with the academy's objectives to provide scholarships to certain graduating seniors, preserve endowment assets without subjecting them to substantial risk, and provide additional real growth through new gifts.”

PART X, LINE 2:

“The academy has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. The academy had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements.”

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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0EDUCATION FOR GRADES K THRU 12
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt053479
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt03404569
IRS990/NetAssetsOrFundBalancesEOYAmt03234738
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt08383
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt08383
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt04673
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt04673
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt07992
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt07992
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-50373
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03242014
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03096576
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt015136
IRS990/OccupancyGrp/ProgramServicesAmt088375
IRS990/OccupancyGrp/TotalAmt0103511
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08832
IRS990/OfficeExpensesGrp/ProgramServicesAmt026495
IRS990/OfficeExpensesGrp/TotalAmt035327
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1ATHLETIC PROGRAMS
IRS990/OtherExpensesGrp/Desc2ACTIVITIES AND FIELD TR
IRS990/OtherExpensesGrp/Desc3TEXTBOOK, CURRICULUM
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013370
IRS990/OtherExpensesGrp/ProgramServicesAmt0120332
IRS990/OtherExpensesGrp/ProgramServicesAmt165918
IRS990/OtherExpensesGrp/ProgramServicesAmt252542
IRS990/OtherExpensesGrp/ProgramServicesAmt341365
IRS990/OtherExpensesGrp/TotalAmt0133702
IRS990/OtherExpensesGrp/TotalAmt165918
IRS990/OtherExpensesGrp/TotalAmt252542
IRS990/OtherExpensesGrp/TotalAmt341365
IRS990/OtherRevenueMiscGrp/BusinessCd0611110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0814
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0814
IRS990/OtherRevenueTotalAmt0814
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04590
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0120000
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01988928
IRS990/OtherSalariesAndWagesGrp/TotalAmt02113518
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0432
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023643
IRS990/PayrollTaxesGrp/ProgramServicesAmt0185788
IRS990/PayrollTaxesGrp/TotalAmt0209863
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt080939
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt088642
IRS990/PrincipalOfficerNm0TRACY ROBINSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1REGISTRATION FEE
IRS990/ProgramServiceRevenueGrp/Desc2ACTIVITY FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02885756
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1154244
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt238899
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02885756
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1154244
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt238899
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0488899
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt017570
IRS990/PYOtherExpensesAmt0764513
IRS990/PYOtherRevenueAmt017987
IRS990/PYProgramServiceRevenueAmt02777212
IRS990/PYRevenuesLessExpensesAmt0241450
IRS990/PYSalariesCompEmpBnftPaidAmt02295705
IRS990/PYTotalExpensesAmt03060218
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03301668
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-119458
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03087706
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.81000
IRS990ScheduleD/BuildingsGrp/BookValueAmt02555336
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03250382
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05805718
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt01579
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0191987
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0162377
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-28031
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt01442
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0160250
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0191987
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt012000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt045179
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt01327
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0163461
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0160250
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt06000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04116
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt01320
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0159162
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt02013
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0163461
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt06571
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt010177
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt01295
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0152782
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt02928
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0159162
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt07266
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt012013
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt032961
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0386384
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0419345
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03369241
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt055148
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt055148
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-50372
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01021
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0146385
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0147406
IRS990ScheduleD/RevenueNotReportedAmt0-50372
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03249783
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO SUBJECT THE FUND TO LOW INVESTMENT RISK AND PROVIDE SCHOLARSHIPS WITH CURRENT INCOME. ENDOWMENT ASSETS ARE INVESTED IN EQUITY FUNDS. THE ACADEMY SEEKS TO BUILD ENDOWMENT ASSETS THROUGH ADDITIONAL CONTRIBUTIONS. THE ACADEMY HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR A SCHOLARSHIP IN THE AMOUNT SET BY ACADEMY'S BOARD FROM THE ENDOWMENT FUND'S INVESTMENT INCOME FROM THE PREVIOUS, AND THE ACADEMY GENERALLY EXPENDS THE ENDOWMENT FUND'S INVESTMENT INCOME FOR SCHOLARSHIPS IN THE YEAR FOLLOWING RECEIPT. THE CURRENT SPENDING POLICY IS NOT EXPECTED TO ALLOW THE ACADEMY'S ENDOWMENT FUND TO GROW AS A RESULT OF INVESTMENT RETURNS. THIS IS CONSISTENT WITH THE ACADEMY'S OBJECTIVES TO PROVIDE SCHOLARSHIPS TO CERTAIN GRADUATING SENIORS, PRESERVE ENDOWMENT ASSETS WITHOUT SUBJECTING THEM TO SUBSTANTIAL RISK, AND PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ACADEMY HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.19000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02644466
IRS990ScheduleD/TotalExpensesPerForm990Amt03369241
IRS990ScheduleD/TotalRevenuePerForm990Amt03249783
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03199411
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03369241
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0WE INCLUDED OUR NON-DISCRIMINATORY POLICY WHEN WE ADVERTISED OUR OPEN-HOUSE, WANT ADS FOR TEACHER OPENINGS, AND IN ALL OTHER FUNDRAISING LETTER CAMPAIGNS TO THE GENERAL PUBLIC.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0KNIGHTS 5K
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0CHRISTMAS SHOW
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt02611

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,555,312
Liabilities
$320,574
Net assets
$3,234,738
Revenue
$3,249,783
Expenses
$3,369,241
Net income
-$119,458
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.90$2.89$5.01$4.58$4.98$0.41
2024Detailed filing. Detailed filing data is available for this year.$8.39$2.99$5.40$4.51$3.97$0.55
2023Detailed filing. Detailed filing data is available for this year.$5.22$0.38$4.84$5.22$3.63$1.59
2022Detailed filing. Detailed filing data is available for this year.$3.56$0.32$3.23$3.25$3.37$0.12
2021Detailed filing. Detailed filing data is available for this year.$3.74$0.34$3.40$3.30$3.06$0.24
2020Detailed filing. Detailed filing data is available for this year.$3.79$0.65$3.14$2.88$3.16$0.28
2019Detailed filing. Detailed filing data is available for this year.$3.84$0.42$3.42$2.85$3.22$0.37
2018Detailed filing. Detailed filing data is available for this year.$4.25$0.45$3.79$3.21$3.24$0.03
2017Detailed filing. Detailed filing data is available for this year.$4.42$0.60$3.82$2.73$3.10$0.37
2016Detailed filing. Detailed filing data is available for this year.$4.82$0.63$4.19$2.71$2.89$0.18
2015Detailed filing. Detailed filing data is available for this year.$5.19$0.81$4.37$2.80$2.84$0.03
2014Detailed filing. Detailed filing data is available for this year.$5.39$0.98$4.42$3.01$2.58$0.43
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.62$1.62$4.00$3.39$2.28$1.11
2012Summary only. Only limited summary data is available for this year.$4.10$1.22$2.88$1.99$2.13$0.14
2011Summary only. Only limited summary data is available for this year.$4.26$1.25$3.01$1.95$1.95$0.00